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Nortel Inversora Up 47.4% Since SmarTrend Uptrend Call (NTL)

Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Nortel Inversora (NYSE:NTL) on October 5th, 2012 at $11.19. In approximately 4 months, Nortel Inversora has returned 47.36% as of today's recent price of $16.49.

In the past 52 weeks, Nortel Inversora share prices have been bracketed by a low of $9.03 and a high of $26.40 and are now at $16.49, 83% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.3% while the 200-day MA has slid 0.6%.

Nortel Inversora S.A. is a holding company which holds a controlling interest in Telecom Argentina STET-France Telecom S.A., the provider of telecom services in the northern half of Argentina. Telecom Argentina is operated by Nortel's controlling shareholders, Italy's STET, and France Telecom.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Nortel Inversora shares.Log in and add Nortel Inversora (NTL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com
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